Highlights
- Outsourced HR simplifies complex tasks, balancing growth and compliance.
- Comprehensive HR services save time and money, improving benefits and technology.
- Legacy Employer Solutions offers strategic outsourced HR, with 30% lower turnover, a 9% higher growth rate, and a 50% lower failure rate, backed by values of Integrity, Dedication, and Professional Expertise. Contact us today!
Human Resources is by far the most complicated area that companies have. As a business owner, you know how difficult it can be to balance growth with managing employees and complying with regulations and laws. And as your business grows, so do the demands of your HR team and what your staff expects of them.
That’s where outsourced HR comes into play. By partnering with a trusted HRO provider, you can gain access to a team of experts who can help you easily navigate the complexities of HR management.
This blog will discuss the advantages of outsourcing HR services in your company and how to find the best partner.
HRO Meaning & Service
In short, outsourced Human Resources is a service offered by some companies with experts to manage your company’s Human Resources needs.
This business involves partnering with a trusted expert to handle some or all your Human Resources responsibilities. It is having a well-organized HR department without the burden of managing it yourself.
When HR is outsourced, these tasks are performed by experienced professionals. The services offered by outsourced HR may vary depending on the company offering. Here are some examples:
- Complete PEO Services: Hiring, employee management, payroll, and more are some of the HR activities that PEOs undertake so that you can reduce the amount of time you have to dedicate to managing your business, giving you plenty of time to work on the growth of your business.
- Human Resources and Compliance: Work rules change quickly, and a mistake can cost companies dearly. HR professionals ensure you comply with federal, state, and local rules.
- Safety and risk management: Keeping employees safe at work is good for them and good for you. When you have outsourced HR, the company works with you to reduce risks and even handles Workers’ Compensation claims on your behalf if an accident occurs.
- Payroll and Tax Administration: From payroll payments to tax deposits, HRO experts help you handle all the tax and economic parts of HR that are so important.
- Employee Benefits: Employee benefits are an essential part of recruiting and retention. Some of the most common benefits are retirement plans, health plans, and paid vacations.
HRO Benefits for Your Business
The benefits of outsourcing HR are diverse and depend significantly on your company, workforce, and industry. According to NAPEO research, companies that outsource HR services can save up to 27% on human resources-related costs. In addition to financial savings, here we share other advantages of having outsourced HR services:
- Focus on what matters most: HR is a very important and mandatory task but administrative and time-consuming. HRO companies take care of that while you dedicate time and energy to meeting your core business objectives and driving business growth and innovation.
- Increase your return on investment: HR is not just staff pay but also benefits, insurance, and HR technology. Save all those costs with a comprehensive service. This means less time and money spent on paperwork and more resources for your business. Improved benefits and technology will make your employees happier and more engaged. Ultimately, this partnership can help your business grow and prosper.
- Mitigate risks and comply with regulations: HROs typically have a team of experts who are always up to date with the latest developments in the legal landscape. They work to protect your company from human resources risks, giving you peace of mind to focus on growing your business and satisfying your customers.
- Attract and retain top talent: Offer competitive benefits packages, streamlined onboarding processes, and expert recruiting support. Watch your employer brand shine and attract the best minds to drive your success.
- Empower your managers: A good HRO helps your organization manage its teams and create positive work environments effectively. They provide the resources needed to drive performance excellence and build strong relationships among team members.
Outsourced HR services may be the solution you need to accelerate the growth of your company and generate considerable savings to invest in other areas.
Focus On Growing Your Business with Our Help – Legacy
Choosing Legacy Employer Solutions for outsourced HR services is a strategic move that empowers businesses to thrive. Our comprehensive offerings streamline HR administration, payroll, benefits, and risk management, allowing entrepreneurs to refocus on core business activities.
The Fortune 500-level benefits provided to employees enhance job satisfaction and contribute to a 30% lower employment turnover. Legacy’s expertise extends to navigating complex regulations and ensuring compliance, providing peace of mind for businesses.
The statistical advantages, including a 9% higher growth rate for companies working with a PEO and a 50% lower failure rate, underscore the tangible benefits of partnering with Us. Our values of Integrity, Dedication, and Professional Expertise, backed by over a century of combined experience, make Legacy Employer Solutions a trusted PEO choice.
Businesses across 14 states have experienced Legacy’s efficiency, reliability, and excellence in HR management, making it the go-to partner for thousands of SMBs nationwide. If you also want to have your HR services outsourced, do not hesitate to contact us. We’d love to hear from you!
